How do you determine the value a bank will finance on a used car
2 Answers
Most do this buy black book,and loan 2/3 of it,depending on credit of borrower.
migration_ftac answered 9 years ago
I was told they use the nada and kbb values.Also, some may use the regional values given by local dealers associations to price a vehicle. That's because vehicles rust out more in the northern states than in, Pa. or Va.